ProShares High Yield-Interest Rate Hedged ETF (BATS:HYHG) Trading Down 0.2% – Time to Sell?

ProShares High Yield-Interest Rate Hedged ETF (BATS:HYHG)’s share price were down 0.2% during trading on Monday . The stock traded as low as $64.34 and last traded at $64.70. Approximately 52,874 shares changed hands during mid-day trading, an increase of 246% from the average daily volume of 15,261 shares. The stock had previously closed at $64.84.

ProShares High Yield-Interest Rate Hedged ETF Trading Down 0.2%

The business has a 50-day moving average of $64.76 and a 200-day moving average of $64.56.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of HYHG. Larry Mathis Financial Planning LLC raised its stake in shares of ProShares High Yield-Interest Rate Hedged ETF by 0.3% in the 1st quarter. Larry Mathis Financial Planning LLC now owns 86,357 shares of the company’s stock valued at $5,503,000 after acquiring an additional 280 shares during the period. MML Investors Services LLC boosted its position in shares of ProShares High Yield-Interest Rate Hedged ETF by 16.9% during the 4th quarter. MML Investors Services LLC now owns 71,687 shares of the company’s stock worth $4,617,000 after purchasing an additional 10,366 shares during the period. Alta Fundamental Advisers LLC acquired a new stake in ProShares High Yield-Interest Rate Hedged ETF in the 4th quarter valued at approximately $3,128,000. Jane Street Group LLC increased its holdings in ProShares High Yield-Interest Rate Hedged ETF by 559.5% in the 1st quarter. Jane Street Group LLC now owns 43,252 shares of the company’s stock valued at $2,770,000 after purchasing an additional 36,694 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in ProShares High Yield-Interest Rate Hedged ETF by 79.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 34,895 shares of the company’s stock valued at $2,235,000 after purchasing an additional 15,459 shares during the last quarter.

About ProShares High Yield-Interest Rate Hedged ETF

The ProShares High Yield—Interest Rate Hedged (HYHG) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market-value-weighted index that goes long high-yield USD debt from US and Canadian issuers and shorts a duration-matched combination of 2-, 5- and 10-year US Treasurys. HYHG was launched on May 21, 2013 and is managed by ProShares.